Kherwadi, Mumbai

Location and Connectivity

Kherwadi lies on the eastern side of Bandra railway station in Mumbai. Located close to the bustling commercial district of Bandra-Kurla Complex (BKC), it’s ideal for professionals and families. Mumbai’s suburban local train network, buses, and autos/taxis link this area with different parts of the city. The Chhatrapati Shivaji International Airport is only 6-8 kilometers away. Further, the Khar metro station is about 3.7 kilometers from Kherwadi.

Infrastructure and Amenities

• Educational Institutions: Kherwadi Mumbai Public School, Brihanmumbai Municipal Corporation School, and colleges like Kaiser Education Society and Kaiser College of Commerce are around.
• Healthcare: Bal Gangadhar Kher Municipal Hospital and Prathamesh Maternity & Nursing Home provide excellent medical services.
• Shopping and Retail: Veena Beena Shopping Center and other local markets fulfill the retail needs of residents.
• Recreational Spaces: A public playground named Chhatrapati Shivaji Maharaj Udyan or the "Colgate Maidan," as locals call it, is in the locality.

Real Estate Market

• Property Prices:
  • Starting at around Rs. 19,230 per sqft, properties in Kherwadi average Rs. 26,594 per sqft. They range from Rs. 21,395 to Rs. 34,824 per sqft.
  • A typical one-bedroom home here can cost between Rs. 1.22 and Rs. 1.4 crore.
• Appreciation and Investment: With property rates rising 0.63% last year and 11.45% annually, Kherwadi has appreciated in value, making it a promising investment option.

Types of Properties

• Historical and Current Developments: Originally developed by MHADA with traditional C-shaped chawl-type buildings, Kherwadi is now evolving into high-rise buildings by private developers. The New MIG Colony, with luxurious 2 BHK flats, also belongs to Kherwadi.
• Luxury and Affordable Options: The area offers diverse properties from affordable to luxury, appealing to various buyers and renters.

Rental Market

• Demand and Prices: Kherwadi’s rental demand grows due to its proximity to business hubs and educational institutions. A 2 BHK flat rents for around ₹65,000 monthly, with deposits from ₹2.5 lakhs.
• Facilities: Fully and semi-furnished apartments are available, equipped with modern amenities like TV cabinets, beds, kitchen cabinets, and more.

PropertyWala's Conclusion

In conclusion, Kherwadi, Mumbai, provides a strong real estate market and a strategic location. Its proximity to key commercial districts, like BKC, and amenities make it attractive. The area's improving infrastructure and appreciating property values present a lucrative investment opportunity. Buyers and renters should consider ongoing redevelopment and traffic congestion improvement needs to fully enjoy the area's benefits.